CEGUS
ActiveSummary
CEGUS has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €215,191 and a net result of -€39,394. Equity remains stable across the filed fiscal years (±1.3% per year). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability18▼-11
Solvency68▼-5
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity short (current ratio 0.17 against 0.16 in 2023; short-term debt: 47.8% and cash: 1.8% of total assets), and 57.2% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
42.8%
Return on assets
-7.8%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€39,394
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-08-2025, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
21 d late
2023
26 d early
2022
67 d late
2021
82 d late
2020
346 d late
2019
108 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 100 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€215,191▼ 15.5%
2023 · €254,584
Total assets
€502,471▼ 4.8%
2023 · €527,581
Net result
-€39,394▼ 59.0%
2023 · -€24,783
Working capital
-€199,587▼ 2.6%
2023 · -€194,440
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€48,577€2,215▼ 95.4%€73,146▲ 3,202%-€7,223-€14,400▼ 99.4%
Net result€16,445-€2,349€55,936-€24,783-€39,394▼ 59.0%
Equity€225,781▲ 11.6%€223,432▼ 1.0%€279,368▲ 25.0%€254,584▼ 8.9%€215,191▼ 15.5%
Total assets€617,099▼ 15.0%€613,322▼ 0.6%€659,176▲ 7.5%€527,581▼ 20.0%€502,471▼ 4.8%
Debt€341,975▼ 28.4%€342,974▲ 0.3%€348,262▲ 1.5%€243,876▼ 30.0%€260,587▲ 6.9%
Working capital-€318,997▲ 24.8%-€275,249▲ 13.7%-€214,267▲ 22.2%-€194,440▲ 9.3%-€199,587▼ 2.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14,400 in 2024 against €7,223 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €502,471
Fixed assets
€461,810 ▼ 5.7%
Current assets
€40,661 ▲ 7.2%
Equity and liabilities €502,471
Equity
€215,191 ▼ 15.5%
Provisions
€26,693 ▼ 8.3%
Debt
€260,587 ▲ 6.9%
Debt's share of the balance-sheet total rises from 46.2% to 51.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€29,736▼
2023 · €35,768
Cash flow
€4,743▼
2023 · €18,207
Current ratio
0.17▲
2023 · 0.16
Debt to equity
1.21▲
2023 · 0.96
ROE
-18.3%▼
2023 · -9.7%
ROA
-7.8%▼
2023 · -4.7%
Interest coverage
1.07▼
2023 · 1.94
Debt ≤ 1 year
€240,248▲
2023 · €232,357
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 8,616 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €100,485 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41,468 | €41,220 | €41,173 | €42,991 | €44,137 | ▲ 2.7% |
| Other operating charges640/8 | €8,989 | €7,113 | €16,055 | €6,983 | €7,253 | ▲ 3.9% |
| Gross operating margin9900 | €99,034 | €50,548 | €130,374 | €42,751 | €36,990 | ▼ 13.5% |
| Operating profit (loss)9901 | €48,577 | €2,215 | €73,146 | -€7,223 | -€14,400 | ▼ 99.4% |
| Financial income75/76B | €823 | €3,207 | €3,121 | €1,091 | €351 | ▼ 67.8% |
| Recurring financial income75 | €823 | €3,207 | €3,121 | €1,091 | €351 | ▼ 67.8% |
| Financial charges65/66B | €22,440 | €10,193 | €32,269 | €21,079 | €27,772 | ▲ 31.8% |
| Recurring financial charges65 | €22,440 | €10,193 | €32,269 | €18,460 | €27,772 | ▲ 50.4% |
| Non-recurring financial charges66B | - | - | - | €2,619 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €26,961 | -€4,770 | €43,998 | -€27,210 | -€41,821 | ▼ 53.7% |
| Transfer from deferred taxes780 | €2,427 | €2,427 | €15,369 | €2,427 | €2,427 | = |
| Transfer to deferred taxes680 | €12,943 | €0 | - | - | - | - |
| Income taxes67/77 | - | €5 | €3,432 | €0 | - | - |
| Profit (loss) for the period9904 | €16,445 | -€2,349 | €55,936 | -€24,783 | -€39,394 | ▼ 59.0% |
| Transfer from tax-exempt reserves789 | €7,280 | €7,280 | €46,108 | €7,280 | €7,280 | = |
| Transfer to tax-exempt reserves689 | €38,828 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€15,103 | €4,932 | €102,043 | -€17,503 | -€32,114 | ▼ 83.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €617,099 | €613,322 | €659,176 | €527,581 | €502,471 | ▼ 4.8% |
| Fixed assets21/28 | €602,850 | €563,621 | €531,037 | €489,664 | €461,810 | ▼ 5.7% |
| Tangible fixed assets22/27 | €602,850 | €563,621 | €531,037 | €489,664 | €461,810 | ▼ 5.7% |
| Land and buildings22 | €590,333 | €551,731 | €515,376 | €476,868 | €447,570 | ▼ 6.1% |
| Plant, machinery and equipment23 | €11,660 | €11,319 | €15,661 | €12,796 | €14,240 | ▲ 11.3% |
| Furniture and vehicles24 | €857 | €572 | €0 | - | - | - |
| Current assets29/58 | €14,248 | €49,701 | €128,140 | €37,917 | €40,661 | ▲ 7.2% |
| Amounts receivable within one year40/41 | €9,180 | €18,307 | €104,075 | €5,665 | €1,452 | ▼ 74.4% |
| Other amounts receivable41 | €9,180 | €18,307 | €104,075 | €5,665 | €1,452 | ▼ 74.4% |
| Current investments50/53 | €4,361 | €16,103 | €14,676 | €15,786 | €27,949 | ▲ 77.1% |
| Cash at bank and in hand54/58 | €708 | €13,094 | €8,210 | €12,659 | €8,855 | ▼ 30.1% |
| Deferred charges and accrued income490/1 | - | €2,198 | €1,178 | €3,807 | €2,405 | ▼ 36.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €617,099 | €613,322 | €659,176 | €527,581 | €502,471 | ▼ 4.8% |
| Equity10/15 | €225,781 | €223,432 | €279,368 | €254,584 | €215,191 | ▼ 15.5% |
| Contributions10/11 | €327,219 | €327,219 | €327,219 | €327,219 | €327,219 | = |
| Capital10 | €327,219 | €327,219 | €327,219 | €327,219 | €327,219 | = |
| Issued capital100 | €327,219 | €327,219 | €327,219 | €327,219 | €327,219 | = |
| Reserves13 | €158,406 | €151,126 | €105,018 | €97,738 | €90,458 | ▼ 7.4% |
| Non-distributable reserves130/1 | €10,378 | €10,378 | €10,378 | €10,378 | €10,378 | = |
| Legal reserve130 | €10,378 | €10,378 | €10,378 | €10,378 | €10,378 | = |
| Tax-exempt reserves132 | €148,028 | €140,748 | €94,641 | €87,360 | €80,080 | ▼ 8.3% |
| Profit (loss) carried forward14 | -€259,845 | -€254,913 | -€152,870 | -€170,373 | -€202,487 | ▼ 18.8% |
| Provisions and deferred taxes16 | €49,343 | €46,916 | €31,547 | €29,120 | €26,693 | ▼ 8.3% |
| Deferred taxes168 | €49,343 | €46,916 | €31,547 | €29,120 | €26,693 | ▼ 8.3% |
| Amounts payable17/49 | €341,975 | €342,974 | €348,262 | €243,876 | €260,587 | ▲ 6.9% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - |
| Financial debts170/4 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €333,245 | €324,950 | €342,406 | €232,357 | €240,248 | ▲ 3.4% |
| Financial debts43 | €2,285 | €0 | - | - | - | - |
| Credit institutions430/8 | €2,285 | €0 | - | - | - | - |
| Trade debts44 | €2,982 | €7,434 | €5,133 | €4,012 | €4,855 | ▲ 21.0% |
| Suppliers440/4 | €2,982 | €7,434 | €5,133 | €4,012 | €4,855 | ▲ 21.0% |
| Taxes, remuneration and social security45 | €0 | - | - | - | - | - |
| Taxes450/3 | €0 | - | - | - | - | - |
| Other amounts payable47/48 | €327,978 | €317,516 | €337,273 | €228,345 | €235,393 | ▲ 3.1% |
| Accrued charges and deferred income492/3 | €8,730 | €18,024 | €5,855 | €11,519 | €20,339 | ▲ 76.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,445 | -€2,349 | €55,936 | -€24,783 | -€39,394 | ▼ 59.0% |
| + Depreciation and write-downs630 | €41,468 | €41,220 | €41,173 | €42,991 | €44,137 | ▲ 2.7% |
| Operating cash flow (approximation) | €57,913 | €38,872 | €97,108 | €18,207 | €4,743 | ▼ 74.0% |
| Investment in fixed assets (approximation) | - | -€1,991 | -€8,588 | -€1,618 | -€16,283 | ▼ 906% |
| Change in cash | - | €12,385 | -€4,884 | €4,449 | -€3,804 | ▼ 186% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-12
Financial
Weakest financial yearnet -€39,394
Net result drops to -€39,394, the lowest in the series.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
31-12
Financial
Back to profitnet €55,936
Net result €55,936 after one loss-making year.
21-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 82 days late
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 346 days late
2020
31-12
Financial
Back to profitnet €16,445
Net result €16,445 after 2 loss-making years.
16-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 108 days late
07-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 281 days late
2019
25-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 268 days late
2018
24-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 297 days late
2017
17-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 170 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Diest · 1 establishment unit since 1988
Ground area
2,175 m²
Building footprint
204 m²
Volume, LiDAR
1,047 m³
Parcel 24097N0369/00K000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CEGUS
since 19882.200.100.451
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24097N0369/00K000 | Flanders | 2,175 m² | 1 · 204 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
8945004HCOLT83SJN518
Identification & contact
Identification
Legal formPublic limited company
Founded21-04-1988
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0434096378
Registered
09-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.